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Alden Global Capital

Senators blast Alden Global Capital’s “newspaper-killing business model”

By Julie Reynolds Twenty-one prominent US Senators have sent a scathing letter to the founders of Alden Global Capital, decrying its “newspaper-killing business model” and vowing to “continue watching Alden closely.” The letter was sent last week on the eve… Continue Reading →

Hedge fund Alden attempts takeover of Gannett newspaper chain

Digital First Media’s profits “near the top of the industry,” company says in takeover letter By Julie Reynolds Billing itself as a savior of newspapers, vulture hedge fund Alden Global Capital has made a $1.36 billion hostile takeover bid to… Continue Reading →

THE INCREDIBLE SHRINKING HEDGE FUND

Alden and former Digital First Media execs prosper despite lawsuits and bad investments By Julie Reynolds BREAKING: Just as this story posted, Fred’s Pharmacies filed a Worker Adjustment and Retraining Notification to announce that 80 employees will be permanently laid off… Continue Reading →

Leaked financial report shows jaw-dropping profits for ‘outlaw’ newspaper owner

Hedge fund turns a blind eye to rats and mildew to rake in industry-topping earnings   By Julie Reynolds The hedge fund behind draconian staff cuts at Digital First Media newspapers — including The Denver Post, San Jose Mercury News… Continue Reading →

A CALL TO ACTION for Digital First Media editors and publishers

By Julie Reynolds The rebellion two weeks ago by The Denver Post’s editorial board against the newspaper’s hedge-fund owners spurred a national outcry, including a front-page article in The New York Times and coverage in The Washington Post, Time magazine,… Continue Reading →

Journalists Demand Owners Put Quality News Before Profits

SIGN THE PETITION DOWNLOAD PRINTABLE POSTERS: 8.5×11 11×17 DOWNLOAD PRINTABLE DFM/ALDEN FACT SHEET Fact Sheet HASHTAG FOR SOCIAL MEDIA SHARING: #AldenExposed Journalists Demand Owners Put Quality News Before Profits  Pacific Media Workers Guild, Local 39521 415-421-6833 guild@mediaworkers.org   JOINT STATEMENT… Continue Reading →

NewsGuild urges Duke University to sever ties with hedge fund president over newspaper pillaging

• SIGN THE PETITION: Tell Duke to cut ties to Alden/Heath Freeman   By Julie Reynolds   The NewsGuild-CWA, which represents workers at 12 Digital First Media newspapers, is urging Duke University to sever its ties to hedge fund president… Continue Reading →

The Case for New Owners is Clearer Than Ever

This is not the usual “hard times for newspapers” lament. Alden is cutting news staff at more than twice the national rate. By DFMworkers staff The argument for responsible, local ownership of Digital First Media newspapers grows stronger every day,… Continue Reading →

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